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Vasilika
Vasilika collects plastic and metal scrap, to earn cash. She and her family obtain scrap in two ways: they either collect the scrap themselves, from the large cities’ garbage bins, or they buy it from local people, like the majority of people in her "Egyptian" community.

“We are poor, and we try to make a little income to secure our food. We never stay home. My four school-aged kids, my husband and I work very hard. All day and every day, from early morning until very late evening, we are searching the garbage for [sellable] scrap. Even in this type of activity there is a strong competition because, like us, there are so many families in our Egyptian community that do it. So we have to be on our feet all the time,” Vasilika said.

Vasilika needs this loan to buy metal scrap from locals, which she will sell to the metallurgic complex for processing.

Additional Information

More information about this loan

Roma and Egyptian populations living in Albania are considered vulnerable from a socioeconomic perspective and this loan would be used to support them.

About VisionFund Albania

VisionFund Albania is a micro-finance subsidiary of child hunger nonprofit World Vision International. Striving to improve child welfare, the organization offers a variety of loan products designed for rural, traditionally underserved clients and their families. These products include agriculture, business and household improvement loans, as well as "integration loans" targeted to help the poorest, most vulnerable Albanian households acquire value chain resources.

While VFA is focused on the empowerment of the poor overall, it pays special attention to women. About 60% of loans to entrepreneurs on Kiva go to women.

About Albania

  • $7,800
    Average annual income
  • 27
    View loans »
    Albania Loans Fundraising
  • $2,236,650
    Funds lent in using Kiva
  • 106.7
    Albania Leke (ALL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $950 helped Vasilika to buy metal or plastic scrap from locals, for later resale to a processor.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
Possible